A bond with a coupon rate of 125 per year payable


A bond with a coupon rate of 12.5% per year (payable semi-annually) has a remaining life of 7.5 years and a yield to maturity of 14%. What is the bond's current yield? Assume the bond is fairly priced.

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Finance Basics: A bond with a coupon rate of 125 per year payable
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